Storebrand ASA - Capital/Financing Update 2023

Storebrand Livsforsikring AS: Green bond allocation report 2022

As a part of the sustainability strategy, Storebrand Livsforsikring AS has

issued four green bonds:

· EUR 300 million green bond issued in 2021

· NOK 650 million green bond issued in 2022

· NOK 1,250 million green bond issued in 2022

· NOK 750 million green bond issued in 2022

During the year, Storebrand Livsforsikring AS has allocated the use of proceeds

from the green bonds to several sustainable projects within real estate and

infrastructure. The total allocated amount from the green bonds issuances

amounts to EUR 300 million and NOK 650 million. Furthermore, Storebrand's

intention is to allocate the remaining NOK 2,000 million into sustainable

projects within the next years.

The Green Bond Alloaction report for 2022 is available on the following site:

https://www.storebrand.com/ir (https://www.storebrand.no/en/investor

-relations/rating-and-funding#greenbondframework)

Lysaker, 25 January 2023

For Further Inquiries, Please Contact:

Leder Strategi, Finans og M&A Kjetil Ramberg Krøkje:

[email protected] eller (+47) 934 12 155

Storebrand is a Nordic financial group, delivering increased security and

financial wellness for people and companies. We offer sustainable solutions and

encourage our customers to take good economic decisions for the future. Our

purpose is clear: we create a brighter future. Storebrand has about 55.000

corporate customers, 2.2 million individual customers and manages NOK 1,001

billion. The Group has its headquarter at Lysaker outside of Oslo, Norway.

Storebrand (STB) is listed on Oslo Stock Exchange.

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